1) Calculate the conversion cost for February 2021.

2) Calculate the COGS for February then compute adjusted COGS after adjusting for the under/overapplied overhead.

Problem 3 (20 Points) Gamble Company manufactures custom accounting ledgers using a job-order costing system. MOH is applied to each job at a predetermined rate of 150% of DL cost. Any overapplied or underapplied overhead is prorated between WIP,FG, and COGS based on their ending balances at the end of each month. Additional information is as follows: 1) Job 100 was completed but unsold as of 2/1/2021 with actual incurred costs as follows: Direct Materials = $3900 and Direct Labor = $2400 and MOH = ??? 2) Job 101 was the only job in process on 2/1/2021 with actual incurred costs as follows: Direct Material = $3300 and Direct Labor = $2800 and MOH = ??? 3) Jobs 102, 103, 104, and 105 were started in February 2021 4) Direct Materials used in production during February totaled $18000 5) The total COGM for February was $68750 6) Actual MOH was $36000 for February 7) The only job still in process on 2/28/2021 was job 105 which had actual incurred costs of $2800 for Direct Materials and $1800 for Direct Labor and MOH= ??? 8) The only completed job left unsold on 2/28/2021 was job 104 which has actual incurred costs of $3500 for Direct Materials and $4400 for Direct Labor and MOH = ??? Hint: There are 3 costs that are part of every job! Required: A) Calculate the conversion cost for February 2021. OL